Yesterday's TradingView pages were mostly short gold expecting 3000 to reject due to it being a psychological level, can you imagine if psychological levels actually worked like that? All we would need to do is wait for the key round numbers and place large orders to make lots and lots of money 🤑.
It isn't as easy as that as we suggested in the KOG Report on Sunday, the chart, even though it was stretched and literally carrying the mean by a thin string, was still suggesting it will wanted higher before allowing sellers to cover, average positions or limit losses.
It isn't as easy as that as we suggested in the KOG Report on Sunday, the chart, even though it was stretched and literally carrying the mean by a thin string, was still suggesting it will wanted higher before allowing sellers to cover, average positions or limit losses.
❤7👍2
Levels are levels:
Price is a series of tests on levels. It creates trends or ranges but will always do the same thing. Once we understand this we know it's not the market that is the problem, it's us, the trader. If we learn its behaviour all we then need to do is make sure our money and risk management is up to scratch. It's never 100%, but if we test a level, it breaks, structure suggests it's going against us, don't hold on to hope, or add more in the direction you intended. This is exactly why the Red box indicators were created, to support our traders and help them not only generate their own signals on any pair but to also stay the right side of the markets.
Learn to trade, focus on the technique, reduce the lots sizes in accordance to your account size and until you're consistent in your ROI. Remember, power is nothing without control, large aggressive lots on small accounts with weak risk models and large stop losses, your "ego will be writing cheques your butt can cash".
Price is a series of tests on levels. It creates trends or ranges but will always do the same thing. Once we understand this we know it's not the market that is the problem, it's us, the trader. If we learn its behaviour all we then need to do is make sure our money and risk management is up to scratch. It's never 100%, but if we test a level, it breaks, structure suggests it's going against us, don't hold on to hope, or add more in the direction you intended. This is exactly why the Red box indicators were created, to support our traders and help them not only generate their own signals on any pair but to also stay the right side of the markets.
Learn to trade, focus on the technique, reduce the lots sizes in accordance to your account size and until you're consistent in your ROI. Remember, power is nothing without control, large aggressive lots on small accounts with weak risk models and large stop losses, your "ego will be writing cheques your butt can cash".
❤7👍3👏3🥰1
Reminder:
If you’re trading an account size:
Less than £500:
LOT SIZE – 0.01 with a MAX LOT SIZE OF 0.03 AT ANY GIVEN TIME - You need to pick your trades and pick your entries carefully. Your risk needs to be low, however, a 0.01 lot size will give you flexibility when the market goes against you.
£500 – 1000:
LOT SIZE – 0.02-0.03 with a MAX LOT SIZE OF 0.06 AT ANY GIVEN TIME – You need to pick your trades and pick your entries carefully. Your risk needs to be low, however, a 0.02-0.03 lot size will give you flexibility when the market goes against you. Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.03, when you reach 10-15pips take 0.02 in profit and set the stop to entry, let 0.01 run to the target with the trade protected.
£1000 – 1500
LOT SIZE 0.05-0.07 with a MAX LOTS SIZE OF 0.10 AT ANY GIVEN TIME - You need to pick your trades and pick your entries carefully. Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.05, when you reach 10-15pips take 0.03 in profit and set the stop to entry, let 0.02 run to the target with the trade protected.
£2000+
LOT SIZE 0.05 – 0.15 with a MAX LOT SIZE OF 0.17 AT ANY GIVEN TIME - . Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.07, when you reach 10-15pips take 0.05 in profit and set the stop to entry, let 0.02 run to the target with the trade protected.
Too many traders get stopped out and blow accounts because their lot sizes are too big. A small reversal on the pair and panic sets in because a high percentage of the account is in drawdown. They take the loss and the market ends up going their way in the end. This is not the way to trade! You will make money but ultimately you will face huge losses on your account. The market is designed to play with your emotions and your greed, you need to use this to your advantage. The only way to protect yourself is money and risk management, it’s a fundamental tool and skill required to trade.
If you’re trading an account size:
Less than £500:
LOT SIZE – 0.01 with a MAX LOT SIZE OF 0.03 AT ANY GIVEN TIME - You need to pick your trades and pick your entries carefully. Your risk needs to be low, however, a 0.01 lot size will give you flexibility when the market goes against you.
£500 – 1000:
LOT SIZE – 0.02-0.03 with a MAX LOT SIZE OF 0.06 AT ANY GIVEN TIME – You need to pick your trades and pick your entries carefully. Your risk needs to be low, however, a 0.02-0.03 lot size will give you flexibility when the market goes against you. Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.03, when you reach 10-15pips take 0.02 in profit and set the stop to entry, let 0.01 run to the target with the trade protected.
£1000 – 1500
LOT SIZE 0.05-0.07 with a MAX LOTS SIZE OF 0.10 AT ANY GIVEN TIME - You need to pick your trades and pick your entries carefully. Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.05, when you reach 10-15pips take 0.03 in profit and set the stop to entry, let 0.02 run to the target with the trade protected.
£2000+
LOT SIZE 0.05 – 0.15 with a MAX LOT SIZE OF 0.17 AT ANY GIVEN TIME - . Split your entries and take partial profits along the way until your target is reached. E.g Enter 0.07, when you reach 10-15pips take 0.05 in profit and set the stop to entry, let 0.02 run to the target with the trade protected.
Too many traders get stopped out and blow accounts because their lot sizes are too big. A small reversal on the pair and panic sets in because a high percentage of the account is in drawdown. They take the loss and the market ends up going their way in the end. This is not the way to trade! You will make money but ultimately you will face huge losses on your account. The market is designed to play with your emotions and your greed, you need to use this to your advantage. The only way to protect yourself is money and risk management, it’s a fundamental tool and skill required to trade.
❤24👍7🏆2👏1🙏1
IT'S BACK!
Click below to set up:👇
https://hmarkets.com/live-account-pre-registration/?refid=11771&cmp=8d3x4m1u&ent=hm
T&C's:
https://hmarkets.com/uk/terms-and-conditions-100-percent-deposit-bonus-offer/
Once set up, please do not trade your account. Contact us at contactknightsofgold@gmail.com first letting us know you have set up an account. We will issue you the bonus on your account, once it's showing in your account you can go for it.
KOG
Click below to set up:👇
https://hmarkets.com/live-account-pre-registration/?refid=11771&cmp=8d3x4m1u&ent=hm
T&C's:
https://hmarkets.com/uk/terms-and-conditions-100-percent-deposit-bonus-offer/
Once set up, please do not trade your account. Contact us at contactknightsofgold@gmail.com first letting us know you have set up an account. We will issue you the bonus on your account, once it's showing in your account you can go for it.
KOG
❤6👍1👏1
Please support us and the free channel by hitting the like/boost 🚀 button 🙏 on our Tradingview ideas
Please open Telegram to view this post
VIEW IN TELEGRAM
👍18❤6
FOMC TODAY: We're in, nice entry, managed, protected and running smoothly. That's all we're doing on Gold today. The FOMC report will be published before the statement.
❤7
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
Photo
The indicator in action, It just does it for us! BOOM!
🔥11🤩2👍1
Knights of Gold (Gold/FOREX Analysis/Trade ideas)
The indicator in action, It just does it for us! BOOM!
Retracement trade!
So now you can see we're supporting that 3022 region and attempting to break back above the order region 3035 and hold. This is important, breaking above and we'll clear those sellers from above with key level resistance here 3048 which needs to break to go higher. Otherwise, nice short, nice long.
So now you can see we're supporting that 3022 region and attempting to break back above the order region 3035 and hold. This is important, breaking above and we'll clear those sellers from above with key level resistance here 3048 which needs to break to go higher. Otherwise, nice short, nice long.
👍11❤4👏3🎉3
Forwarded from Knights of Gold (Gold/FOREX Analysis/Trade ideas)
IT'S BACK!
Click below to set up:👇
https://hmarkets.com/live-account-pre-registration/?refid=11771&cmp=8d3x4m1u&ent=hm
T&C's:
https://hmarkets.com/uk/terms-and-conditions-100-percent-deposit-bonus-offer/
Once set up, please do not trade your account. Contact us at contactknightsofgold@gmail.com first letting us know you have set up an account. We will issue you the bonus on your account, once it's showing in your account you can go for it.
KOG
Click below to set up:👇
https://hmarkets.com/live-account-pre-registration/?refid=11771&cmp=8d3x4m1u&ent=hm
T&C's:
https://hmarkets.com/uk/terms-and-conditions-100-percent-deposit-bonus-offer/
Once set up, please do not trade your account. Contact us at contactknightsofgold@gmail.com first letting us know you have set up an account. We will issue you the bonus on your account, once it's showing in your account you can go for it.
KOG
❤6👍1🎉1